June is a busy month in the housing market because many people buy and sell during this time of year. If you’re thinking of moving in the Conejo Valley, here’s what you need to know to make sure you’re ready.

If You’re Buying This June

Many homebuyers with children prefer to move after one school year ends and before the next one begins. That’s why late spring into summer is a popular time for homes to change hands. Regardless of your reasons, it’s essential to understand that more buyers will be looking now, leading to increased competition. However, the silver lining is that more sellers will also list their homes, providing you with more options. According to Bankrate:

“Late spring and early summer are the busiest and most competitive time of year for the real estate market. There’s usually more inventory listed for sale than other times of year . . . This is a double-edged sword for a buyer, as you will be met with more opportunities but [also] much more competition.”

During this busy season, it’s crucial to work with a trusted real estate agent. Your agent will help you stay updated on the latest listings, share expertise on making strong offers in a competitive market, and provide insight into home values so you can make informed decisions. As Forbes states:

“Approaching the market confidently, armed with good information and grounded expectations will take you far. Don't let the hustle of the market convince you to buy something that’s not in your budget, or not right for your lifestyle.”

If You’re Selling This June

With more buyers in the market, you’re in a great position as a seller. Many buyers are highly motivated to move before the next school year starts, leading to stronger offers. If your house shows well and is listed at market value, you could see it sell faster or for a higher price. The National Association of Realtors (NAR) notes:

“Warmer weather and the end of the school year encourage more people to buy and sell, respectively. Buyers are looking to move and settle before the new school year begins, contributing to increased competition and, consequently, higher prices.”

A great agent is essential to navigate contingencies and negotiations to choose the best offer. Review closing dates with your agent, as buyers may need to delay or expedite the move based on the school calendar. U.S. News Real Estate explains:

“. . . if your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month. Remain flexible to keep the deal running smoothly, and your buyer may be willing to throw in concessions, like covering some of your closing costs or overlooking the old roof.”

Bottom Line

If you’re looking to make a move this June in the Conejo Valley, let’s chat so you know what to expect. We’ll develop a plan that considers current market conditions and works for you.